- About us
- How to start business
- What are key performance indicators of Business?
- Key things to consider for expansion Globally?
- Key problems in Manufacturing Industry
- Problems of Startups
- What is Business Plan?
- Case Study
- Pricing Details
There are no set rules in starting startups
You have been reading all around about startups and you see that its all about funding and then you have big names of corporates living there jobs and entering startups all these excite you to be one of them, but before that doing a little check about yourself will help you.
First thing is the idea or the concept on which you want to start the startup there are no rules for finalizing idea it can be one which is tried and tested in western world where in you can replicate in Indian market, or you idea is in a segment where in there is already saturation or many number of players are present for example e commerce. Your idea can be unique or it can be replication there is no set rule that I should be so unique that it can create something big.
The idea when you start telling to your group of circles will always receive a big NO there are so many players there why you want to do this and a lot of questions, which keep repeating in your life from different set of people.
You cannot come up with same idea which is already there and analyze that my idea will be less risky as its already been tried tested and been successful for example you would like to set up e commerce where in you analyze that there are so many people buying online and the market reports will also encourage you as it shows that online shopping has increased magnificently, so this ensures that you set up a online store either on market model or store model.
Just by being a startup in already tried and tested market it will not ensure that you become the competitor to the leader in e commerce, so the idea you come up does not ensure that your startup will be successful, its all about having patience & perseverance to have faith in the idea and build around it.
The specialty of startups is there are no set rules, which means you can create rules and a place in the market. So there is no way wherein you can say this is already there if I start one I will be successful and there is not much risk in doing it.